NumisMedia Weekly Market Report
Current News and Analysis of the
United States Rare Coin Market
October 5, 2009

Many Anticipating Market Improvement
Dealer activity this past week has been mostly for bullion related coins. Most are looking for some type of bullion for their customers. Eagles are hot, both Gold and Silver. Premiums are somewhat high because of the strong demand. Buffalo Gold coins, especially the fractional coins, are difficult to locate in quantity. Premiums have been rising on the smaller Buffalo coins along with this demand. The metals are solidly higher today so make sure you check prices before you complete transactions.

Market prices in this week's LD Wholesale Market Dealer Price Guide are mixed but we are seeing more increases than we have over the last few months. Buyers realize there is competition for the coins that have extra eye appeal and they cannot hesitate when one of these appear on the market. There are numerous increases in the copper series with nice clean Large Cents always in demand. The 1801 Fraction is higher across most grades. Indian Cents in Red & Brown or Red are the most difficult to find because collectors do not like to give these up easily. When prices are lower, sellers are reluctant to put them on the market.

While we still see declines in the Buffalo Nickel series, the discounts appear to be lessening. The majority of declines are for coins where the populations are very high and so is availability. Most dates from 1935 to 1938 are available in grades MS63 to MS66 with some even in MS67. Of all the Seated series, the Half Dimes are the least desirable at this time. Most of the trades we see are slightly discounted causing most of the declines listed this week. The more common dates in MS65 to MS67 are usually the ones we find at discounts. There are several declines this week in Barber Dimes, mostly for MS64s and 65s. The real tough dates for Standing Liberty Quarters with Full Heads are in demand and usually bring premiums. The 1919 D FH is higher in MS65 at $27,500 Market.